tao is now 313.72u; on September 20 it was only 255. In just three days it surged to 325, breaking through the downtrend line that had been suppressed for nearly half a month.
Over at Grayscale, on September 15 they submitted a document saying that their affiliated trust added another 140,000+ shares, corresponding to buying 2,800+ TAO—roughly $650,000. This institutional line is genuinely adding slowly but steadily. Their own supply is also shrinking: the upper limit is locked at 21 million shares, and production reduction follows the calendar schedule, not something they can simply decide to print whenever.
Beneath that, there are 24 sub-networks added together; an estimate of annualized external revenue puts it in the range of $28 million to $35 million. This number hasn’t been audited—consider it a reference.
In March 2024, it peaked around 757. Now, at this position, it’s nowhere near even half of that—rising sharply doesn’t mean it’s already recouped costs.
If it drops back below 255, then this rally was basically pointless. Holding above and moving up into the 350 to 360 zone—an area that has been a resistance/old battleground multiple times—only counts as a real breakout after it actually gets through and confirms. #tao $TAO
Over at Grayscale, on September 15 they submitted a document saying that their affiliated trust added another 140,000+ shares, corresponding to buying 2,800+ TAO—roughly $650,000. This institutional line is genuinely adding slowly but steadily. Their own supply is also shrinking: the upper limit is locked at 21 million shares, and production reduction follows the calendar schedule, not something they can simply decide to print whenever.
Beneath that, there are 24 sub-networks added together; an estimate of annualized external revenue puts it in the range of $28 million to $35 million. This number hasn’t been audited—consider it a reference.
In March 2024, it peaked around 757. Now, at this position, it’s nowhere near even half of that—rising sharply doesn’t mean it’s already recouped costs.
If it drops back below 255, then this rally was basically pointless. Holding above and moving up into the 350 to 360 zone—an area that has been a resistance/old battleground multiple times—only counts as a real breakout after it actually gets through and confirms. #tao $TAO
